Kingspan Group Acquires LOGSTOR from Triton
March 23, 2021
Kingspan Group has agreed to acquire LOGSTOR, a Denmark-based market leader in pre-insulated pipe systems, from funds advised by Triton for an enterprise value of approximately €253 million. LOGSTOR (revenue ~€244m, EBIT €28m, ~1,260 employees) will join Kingspan to expand its technical insulation and energy-infrastructure offering; the deal signed March 23, 2021 and completed June 22, 2021, subject to customary approvals.
- Buyers
- Kingspan Group
- Targets
- LOGSTOR
- Sellers
- Funds advised by Triton
- Industry
- Building Products
- Location
- North Jutland Region, Denmark
- Transaction Type
- Buyout
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